Thailand is expected to become an “aged” society this year or next, with people aged 60 and over set to account for 20% of the population.
The country has been classified an “ageing” society since 2005, meaning 10% of the population is 60 or older.
This trajectory has Thailand becoming a “super-aged” society in 2031 or 2032, where those aged 60 and over make up 28% of the population.
According to Kasikorn Research Center (K-Research), roughly 95%-96% of the Thai elderly population has low to moderate income. These demographic changes present great challenges for policymakers, particularly amid the ongoing pandemic, which has caused great hardship not only to the country’s economy, but also to people’s way of life.
These shifts also offer business…
